Retirement plan

WEST TAMPA GLASS COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: WEST TAMPA GLASS COMPANY, INC. - WEST TAMPA GLASS COMPANY, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: WEST TAMPA GLASS COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEST TAMPA GLASS COMPANY, INC. 401(K) PROFIT SHARING PLAN, WEST TAMPA GLASS COMPANY, INC.

WEST TAMPA GLASS COMPANY, INC.EIN 59-3530123Plan #001PY 2020

2705 N. 35TH STREET - TAMPA, FL 336053418813-247-5528westtampaglass.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#002Retirement-$8.9M assets

Prospect flagsLow returnsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

+12.7% from 2019

Total participants

112

+1.8% from 2019

Average account balance

$39,481

+6.3% from 2019

Annual return

8.26%

-12.39 pp from 2019

Benchmarks

See 1,006 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.23M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$59K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

43.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$216K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.50%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$3891

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
PENSERV PLAN SERVICES, INC.2 years Filed as: PENSERVCO, INC. Service code 13 600 BYPASS DRIVE · CLEARWATER, FL 33764	Contract Administrator	$16,737
LPL FINANCIAL2 years Filed as: LPL FINANCIAL - RPC COMPENSATION Service code 26 4707 EXECUTIVE DRIVE · SAN DIEGO, CA 92121	Advisory (Participants)	$9,992
ASPIRE FINANCIAL SERVICES2 years Service code 15 · EIN 27-1033755 4010 BOYSCOUT BOULEVARD · TAMPA, FL 33607	Recordkeeping	$4,725
MATRIX TRUST COMPANY2 years Service code 19 5 DAKOTA DRIVE · LAKE SUCCESS, NY 11042	Securities Custodian	$1,108

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$33K

$316 / participant

Investment mgmt$10K30.7%
Contract admin$6K17.9%
Other / not subdivided$17K51.4%

% of EOY assets

1.556%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HACKER JOHNSON & SMITH, PA
Auditor EIN: 592153385
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,481

$62,132-36.5%

$185,835-78.8%

$73,493-46.3%

Participation rate

42.7%

67.8%-25.1pp

78.0%-35.3pp

70.7%-28.0pp

Annual return

8.26%

20.44%-12.2pp

35.96%-27.7pp

28.51%-20.3pp

Employer contribution / active EE

$1,063

$1,681-36.8%

$4,087-74.0%

$2,270-53.2%

Participant deferral / active EE

$2,165

$3,711-41.7%

$5,633-61.6%

$3,740-42.1%

Admin fee / account holder

$614

$419+46.7%

$9,502-93.5%

$513+19.7%

Provider

Service type

Compensation

PENSERV PLAN SERVICES, INC.2 years

Filed as: PENSERVCO, INC.

Service code 13

600 BYPASS DRIVE · CLEARWATER, FL 33764

Contract Administrator

$16,737

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL - RPC COMPENSATION

Service code 26

4707 EXECUTIVE DRIVE · SAN DIEGO, CA 92121

Advisory (Participants)

$9,992

ASPIRE FINANCIAL SERVICES2 years

Service code 15 · EIN 27-1033755

4010 BOYSCOUT BOULEVARD · TAMPA, FL 33607

Recordkeeping

$4,725

MATRIX TRUST COMPANY2 years

Service code 19

5 DAKOTA DRIVE · LAKE SUCCESS, NY 11042

Securities Custodian

$1,108

WEST TAMPA GLASS COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEST TAMPA GLASS COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion